Originally published on: October 07, 2024
A recent report by MatrixPort reveals that global cryptocurrency adoption is steadily rising, with 7.51% of the world’s population currently using digital currencies. The report forecasts this number to surpass 8% by 2025, indicating a potential shift of crypto from a niche market to mainstream financial systems.
One of the driving forces behind this increase in adoption is the growing institutional involvement in the cryptocurrency space. Financial giants like BlackRock have played a pivotal role in building trust and legitimacy for digital assets within traditional financial systems.
According to Markus Thielen, founder of 10x Research, institutional products are key to the growth of Bitcoin and the wider crypto market. Bitcoin, often seen as a store of value, plays a central role in overall cryptocurrency adoption, particularly during times of economic uncertainty.
While the MatrixPort report paints an optimistic picture of the future of crypto adoption, there are still challenges to overcome. Regulatory concerns, market volatility, and security issues for retail investors are all hurdles that need to be addressed. Hacks and scams continue to pose a threat in the crypto space, and institutional investors could potentially exacerbate market volatility.
Despite these challenges, the increasing adoption of cryptocurrencies signals a significant shift in the global financial landscape. Stay informed about the latest developments in the crypto world by subscribing to our newsletter for the latest insights and updates on crypto laws and guidelines. Join us every Monday for the latest news and analysis.
